Can't help noticing the similarity between IRN and TYC (Tethyan...

Can't help noticing the similarity between IRN and TYC (Tethyan Copper Company Limited). Both have enormous undeveloped copper-gold resources in countries starting with the letter "P" with perceived political risk - Phillipines, Pakistan.

Market cap is similar:
IRN: Cap=$146m (301m shares at .48)
TYC: Cap=$81m (128m shares at .63)

Both in the feasibility stages with a view to development over the next couple of years.

Both off 52 week highs (TYC by 23%, IRN by 17%).

TYC is under a buyout offer.

Any views on the relative merits of these two.

I hold both.

Nix